XAU Trading Outlook (08-10-2015)

GOLD

Pivot: 1142

Likely scenario: Long positions above 1142 with targets @ 1157 & 1165 in extension.

Alternative scenario: Below 1142 look for further downside with 1130 & 1122.5 as targets.

Comment: Intraday technical indicators are mixed and call for caution.

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